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Vicano buys industrial dev. site at St. Thomas battery plant
Vicano buys industrial dev. site at St. Thomas battery plant
Vicano Developments Limited has closed on the acquisition of a 67.75-acre development site across the road from the massive Volkswagen battery factory in St. Thomas, Ont., and is already marketing it to potential industrial tenants.
Manulife, Scannell, StepStone partner in $1.2B ind. recap.
Manulife Investment Management has announced a $1.2B US partnership with Scannell Properties and StepStone Real Estate, which will recapitalize 35 newly build class-A industrial properties comprising 10.4 million square feet in 17 U.S. markets.
Victoria approves Chard's 481-unit mixed-use project
Victoria city council has approved Chard Development's mixed-use project that includes 481 rental housing units in the Harris Green neighbourhood. The L-shaped project will include two rental buildings of 15 and 25 storeys connected by ground-floor commercial space.
 | CRE Matters How can Ontario property owners minimize property taxes in 2024?Robert BrazzellManaging Director, Ontario Property Tax Services, Colliers Canada |
Windsor's 'global village' nixed despite MOU with developer
Windsor city council has nixed the planned "global village" development despite recently signing a memorandum of understanding with Fairmount Properties – the developer the city had chosen for the project – to house 400 students from St. Clair College's downtown campus.
Brivia struggling to complete Mont-Tremblant financing
Brivia Group is struggling to complete its construction financing for its Versant Soleil project in Mont-Tremblant, head of investments and development Vincent Kou says. The financing is required to launch construction of the first 82 units of the vast property.
Alleged conflict of interest in delayed Squamish resort
Court filings in the receivership of companies behind the delayed development of a ski and snowboard resort near Squamish include accusations of conflict of interest against two Aquilini Investment Group executives.
Geary Factory Lofts to include 40 working condos
Intentional Capital announced its latest project - Geary Factory Lofts. These corporate condos will transform an underused, historic button factory into a four-storey, 40-unit hub of working condos for entrepreneurs, creatives, and small business owners along Geary Avenue in Toronto.
McCredie signs purchase agreement for Sutton Group
Vancouver-based McCredie Investments has an agreement to acquire Sutton Group Realty Services Ltd., planning to reshape the brokerage’s operations around technology and more transparent real estate data for Canadian home buyers.
Mississauga approves fourplexes on low-rise lots
In a decision aimed at tackling a piece of the housing crisis, Mississauga council approved a motion allowing the construction of fourplexes on low-rise residential lots. The motion mirrors a move made earlier this year in Toronto.
Canada, UAE launch low-carbon cement, concrete action
Canada and the UAE unveiled the Cement & Concrete Breakthrough initiative at the COP28 climate conference, intending to share ways to decarbonize building materials globally. Germany and the U.K. are among the first countries to join the initiative.
Worried holiday shoppers seek value: Retailers
"This is going to be a very challenging holiday shopping season for retailers because the consumer is worried," said Kostya Polyakov, KPMG national industry leader for retail. "The consumer is feeling that they don't have enough money for non-discretionary spending."
The queen of reading and her Indigo comeback
Heather Reisman’s retirement didn’t unfold quite as planned. In early June, the founder and executive chair of Indigo Books & Music Inc., the country’s largest book retailer, announced she would be officially stepping down on Aug. 22, just six days before her 75th birthday.
Three REIT stocks for investing: Dennis Mitchell
VIDEO: Dennis Mitchell, CEO and chief investment officer at Starlight Capital, joins BNN Bloomberg for his top 3 REIT stocks for investing. His ideas include residential, retail and industrial real estate.
Minto, Killam on positive breakouts list
Minto Apartment Real Estate Investment Trust (MI-UN-T) surfaced on the positive breakouts list and others may follow in 2024, including Killam Apartment REIT (KMP-UN-T). Killam has the lowest valuation and the highest yield relative to its industry peers.
Real estate podcasts
Dylan Smith, Rosenberg Research: The looming mortgage renewal crunch, Down to Business
Liza Crawford, TCW: What dead malls tell us about CRE's future, Odd Lots
Benjamin Tal, CIBC Capital Markets: BoC will cut rates by 150 bps in 2024, Down to Business
Office owners balk at proposed WeWork bankruptcy plan
Some of WeWork's most prominent office owners - including Boston Properties, Brookfield Properties and Starwood Capital - are objecting to the way SoftBank Group, the co-working company's majority owner, has laid out plans to fund its bankruptcy proceedings.
Blackstone, Digital Realty form $7B venture
Digital Realty has entered a joint venture with funds controlled by Blackstone for the development of four new data centre campuses in Northern Virginia, Paris and Frankfurt. The partnership expects to invest $7 billion over several years.
Honeywell acquires Carrier's Global Access Solutions
Honeywell (HON-Q) today announced plans to enhance and strengthen its building automation capabilities with the acquisition of Carrier Global Corporation's (CARR-N) Global Access Solutions business for $4.95 billion in an all-cash transaction.
U.S. regulators clamp down in bid to prevent more bank failures
U.S. bank supervisors are increasing scrutiny of lenders' risk management practices and taking disciplinary action as they try to fix problems that could lead to more bank failures, banking industry sources said.
Industry Events
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Canada Real Estate Auction
Oct 22 2024
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Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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